Flowers Foods (FLO) Set to Announce Earnings on Friday

Flowers Foods (NYSE:FLO) is scheduled to release its earnings data before the market opens on Friday, November 8th. Analysts expect Flowers Foods to post earnings of $0.30 per share for the quarter. Flowers Foods has set its FY24 guidance at $1.20-$1.30 EPS and its FY 2024 guidance at 1.200-1.300 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect Flowers Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Flowers Foods Price Performance

Flowers Foods stock opened at $22.23 on Friday. The business has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $23.08. Flowers Foods has a 52 week low of $19.64 and a 52 week high of $26.12. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 4.29 and a beta of 0.36.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Friday, September 6th. Flowers Foods’s dividend payout ratio (DPR) is presently 157.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FLO shares. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 18th. BNP Paribas began coverage on Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.75.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.